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 is it okay to pay small debts before bankruptcy
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anne.or
Starting Member



10 Posts

Posted - 12 July 2010 :  19:07:27  Show Profile  Visit anne.or's Homepage  Reply with Quote
is it okay to pay small debts before bankruptcy I cant afford the large debts

debtinfo
forum expert



2826 Posts

Posted - 12 July 2010 :  19:12:32  Show Profile  Reply with Quote
why pay the small ones when they are all going to go into the bankruptcy
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Bridgewood
Junior Member

United Kingdom
222 Posts

Posted - 13 July 2010 :  08:46:23  Show Profile  Visit Bridgewood's Homepage  Reply with Quote
Hi Anne

Technically it is an offence to put any creditor in a better position than all your others once you have decided to make yourself bankrupt. The amount is irrelevant.

I can understand the thought behind it, but you would be better keeping the money yourself





Bridgewood specialise in helping people deal with their debts and make the most of their financial situation - providing free, no obligation debt advice.

We can also setup a complete range of solutions including debt management plans, IVA and bankruptcy support.
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